REG - Ming Yang Smart Engy - 2022 Dividend Distribution
07/06/2023 11:00
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RNS Number : 9464B Ming Yang Smart Energy Group Ltd 07 June 2023
MING YANG SMART ENERGY GROUP LIMITED
(GDR under the symbol: "MYSE")
(a joint stock company established under the laws of the People's Republic of
China with limited liability)
Announcement on 2022 Dividend Distribution
IMPORTANT NOTICE:
l Distribution ratio per share: Cash dividend of RMB0.3041 per A share
l Relevant Date (Beijing time)
Class of shares Registration date Last trading day Ex-right Cash dividend payment date
(ex-dividend) date
A Share 2023/6/13 － 2023/6/14 2023/6/14
l Differentiated dividend distribution: No
I. Session and Date of the General Meeting Approving the Distribution
Plan
The profit distribution plan was considered and approved at the 2022 annual
general meeting of the Company held on 25 May 2023.
II. Distribution Plan
1. Year of distribution: Year 2022
2. Target of distribution:
All shareholders of the Company whose names appear on the register of members
maintained by China Securities Depository and Clearing Corporation Limited,
Shanghai Branch ("CSDC Shanghai Branch") as at the afternoon of record date
after the close of trading on the Shanghai Stock Exchange.
3. Distribution plan:
The profit distribution was based on the total share capital of 2,271,983,706
shares of the Company before the implementation of the plan, with a cash
dividend of RMB0.3041 (tax inclusive) per share and a total cash dividend of
RMB690,910,245.00.
III. Relevant Date (Beijing time)
Class of shares Registration date Last trading day Ex-right Cash dividend payment date
(ex-dividend) date
A Share 2023/6/13 － 2023/6/14 2023/6/14
IV. Distribution Implementation Measures
1. Implementation measures
Except for the Company's self-distribution target, the dividend of the
remaining shareholders shall be distributed to the shareholders whose names
appear on the register of members after the close of trading of the Shanghai
Stock Exchange on the record date and who have completed designated
transactions on the Shanghai Stock Exchange through the clearing system of
CSDC Shanghai Branch. Investors who have completed a designated transaction
may receive cash dividends from their designated securities branches on the
dividend distribution date. The dividends of the shareholders who have not
completed designated transactions are temporarily retained by CSDC Shanghai
Branch and will be distributed after completing the designated transactions.
2. Self-distribution target
Ming Yang New Energy Investment Holding Group Co., Ltd., Zhongshan Ruixin
Enterprise Management Consulting Partnership (Limited Partnership), WISER
TYSON INVESTMENT CORP LIMITED, FIRST BASE INVESTMENTS LIMITED and KEYCORP
LIMITED.
3. Explanation of tax deduction
(1) For natural person shareholders and securities investment fund who hold
circulating shares not subject to trading moratorium of the Company
Pursuant to the Notice on Relevant Issues Concerning Differential Individual
Income Tax Policies on Dividends and Bonuses of Listed Companies (Cai Shui
2015 No. 101) and the Notice on Relevant Issues Concerning the
Implementation of Differential Individual Income Tax Policies on Dividends and
Bonuses of Listed Companies (Cai Shui 2012 No. 85), the Company will not
withhold individual income tax for the time being. The actual cash dividend is
RMB0.3041 per share. When individuals transfer their shares, CSDC Shanghai
Branch shall calculate the actual amount of tax payable according to its term
of shareholding, and the securities company and other share custodian
institutions shall deduct the tax from their capital accounts and transfer the
tax to CSDC Shanghai Branch. CSDC Shanghai Branch will transfer the tax to the
Company within 5 working days of the following month. The Company will declare
and pay the tax to the competent tax authority within the statutory
declaration period of the month in which the tax is received.
The actual tax burden is as follows: if the stock holding period is one month
or less, the incomes from dividends and bonuses shall be included into the
taxable incomes in full amount, and the actual tax rate shall be 20%; if the
stock holding period is more than one month but up to one year, the incomes
from dividends and bonuses shall be included into the taxable incomes at the
reduced rate of 50% for the time being, and the actual tax rate shall be 10%;
if the stock holding period is more than one year, the incomes from dividends
and bonuses shall be temporarily exempted from individual income tax.
(2) For natural person shareholders and securities investment fund who hold
circulating shares subject to trading moratorium of the Company
Pursuant to the Notice on Relevant Issues Concerning the Implementation of
Differential Individual Income Tax Policies on Dividends and Bonuses of Listed
Companies (Cai Shui 2012 No. 85), the Company shall withhold and pay
individual income tax at the rate of 10% for the incomes from dividends and
bonuses before expiration of lock-up. The actual cash dividend after tax is
RMB 0.27369 per share.
(3) For qualified foreign institutional investors ("QFII") who hold shares of
the Company
Pursuant to the Notice of the State Administration of Taxation on Relevant
Issues Concerning the Withholding and Payment of Enterprise Income Tax
Relating to the Payment of Dividends, Bonus and Interest by PRC Resident
Enterprises to QFII (Guo Shui Han 2009 No. 47), the Company shall withhold
and pay enterprise income tax at a unified rate of 10%. The actual cash
dividend after tax is RMB0.27369 per share. If relevant shareholders consider
that their dividends bonus shall be treated in accordance with any tax treaty
(arrangement), they may file an application to the competent tax authorities
for a tax refund after receiving such dividends bonus in accordance with the
requirements.
(4) For investors of The Stock Exchange of Hong Kong Limited (including
enterprises and individuals) holding A shares of the Company through
Northbound Trading
Pursuant to the Notice of the Ministry of Finance, State Taxation
Administration and CSRC on Relevant Taxation Policies Concerning the Pilot
Inter-connected Mechanism for Trading on the Shanghai Stock Market and the
Hong Kong Stock Market (Cai Shui 2014 No. 81), for investors of the Hong
Kong market (including enterprises and individuals) investing in A shares
through Northbound Trading, the Company shall withhold and pay income tax at
the rate of 10%. The actual cash dividend after tax is RMB0.27369 per share.
The record date of entitlement and the date of payment of cash dividends and
other arrangements for the investors of Northbound Trading will be the same as
those for the holders of A shares of the Company.
(5) For qualified investors who meet the relevant domestic and overseas
regulatory requirements for investing in Global Depositary Receipts ("GDR")
issued by the Company on the London Stock Exchange
Pursuant to the relevant tax provisions of the Enterprise Income Tax Law of
the People's Republic of China, the cash dividends for the investors of the
GDRs will be distributed by the Company to Citibank, National Association, the
nominal holder of the domestic underlying A shares corresponding to the GDRs.
The Company shall withhold income tax at a tax rate of 10%. The actual cash
dividend after tax is RMB0.27369 per share. If relevant shareholders consider
that their dividends bonus shall be treated in accordance with any tax treaty
(arrangement), they may file an application to the competent tax authorities
for a tax refund after receiving such dividends bonus in accordance with the
requirements.
The record date for the investors of GDRs will be the same as those for the
holders of A shares of the Company. Cash dividends will be distributed by
Citibank, National Association to the investors of GDRs through Euroclear Bank
SA/NV and Clearstream Banking, S.A. on 21 June 2023 (London Time).
(6) For other institutional investors and corporate shareholders
The Company will not withhold and pay enterprise income tax, but the taxpayer
should make its own judgement on whether the enterprise income tax should be
paid locally according to the tax law. The actual cash dividend is RMB0.3041
per share.
V. Relevant Consultation Measures
If you are in any doubt as to the implementation of the dividend distribution,
you should consult by the following methods :
Contact department: Office of the Board of Directors of Ming Yang Smart Energy
Group Limited
Tel: +86 760 28138632
Ming Yang Smart Energy Group Limited
7 June, 2023
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